Flag Romania / Spain Flag

Exports Flag β†’ Flag  (2018): $2.43B, Rnk 9 / 184

Top Product Flag β†’ Flag (2018): $368M, Vehicle Parts

Exports Flag β†’ Flag (2018): $2.61B, Rnk 22 / 209

Top Product Flag β†’ Flag (2018): $248M, Combustion Engines

Economic Complexity of Flag (2018): ECI 0.92, Rnk 29 / 137

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

Romania-Spain: In 2018, Romania exported $2.43B to Spain. The main products exported from Romania to Spain were Vehicle Parts ($368M), Cars ($322M), and Wheat ($177M). During the last 23 years the exports of Romania to Spain have increased at an annualized rate of 13.9%, from $122M in 1995 to $2.43B in 2018. In 2016, Romania exported services to Spain worth $765M, with Transportation ($610M), Travel ($65.5M), and Other business services ($40.6M) being the largest in terms of value.

Spain-Romania: In 2018, Spain exported $2.61B to Romania. The main products exported from Spain to Romania were Combustion Engines ($248M), Cars ($207M), and Vehicle Parts ($173M). During the last 23 years the exports of Spain to Romania have increased at an annualized rate of 15.6%, from $93.9M in 1995 to $2.61B in 2018. In 2009, Spain exported services to Romania worth $158M, with Services not allocated ($158M) being the largest in terms of value.

Comparison: In 2018, Romania ranked 29 in the Economic Complexity Index (ECI 0.92), and 41 in total exports ($81.6B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Romania exported $2.43B to Spain. The main products exported from Romania to Spain were Vehicle Parts ($368M), Cars ($322M), and Wheat ($177M). During the last 23 years the exports of Romania to Spain have increased at an annualized rate of 13.9%, from $122M in 1995 to $2.43B in 2018.

In 2018, Spain exported $2.61B to Romania. The main products exported from Spain to Romania were Combustion Engines ($248M), Cars ($207M), and Vehicle Parts ($173M). During the last 23 years the exports of Spain to Romania have increased at an annualized rate of 15.6%, from $93.9M in 1995 to $2.61B in 2018.

Market Competitiveness

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Measure

Romania
Top Destination
: Germany, $18.3B

Spain
Top Destination
: France, $48.6B

This map shows whether countries import more from Romania or Spain. Each country is colored based on the difference in imports they receive from Romania and Spain or the difference in the growth in imports.

In 2018, countries that imported more from Romania than Spain were Hungary ($3.36B), Moldova ($1.22B), and Bulgaria ($2.54B).

In 2018, countries that imported more from Spain than Romania were France ($48.6B), Portugal ($27.2B), and United Kingdom ($22.6B).

Comparative Advantage Romania - Spain

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Depth

This chart compares trade between Romania and Spain by product, considering products traded by both, Romania and Spain.

During 2018, Romania had a large net trade with Spain in the exports of Transportation ($719M), Machines ($402M), and Vegetable Products ($362M).

During 2018, Spain had a large net trade with Romania in the exports of Machines ($646M), Transportation ($467M), and Textiles ($330M).

Trade Forecasts

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This section shows a forecast for total trade between Romania and Spain. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2016, Romania exported services to Spain worth $765M, with Transportation ($610M), Travel ($65.5M), and Other business services ($40.6M) being the largest in terms of value.

In 2009, Spain exported services to Romania worth $158M, with Services not allocated ($158M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Romania has comparative advantage over Spain. Similarly, the more red a dot/product is, the more Spain has comparative advantage over Romania.